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This Sunday, President Sebastián Piñera announced the outline of the pension reform that he had promised during his presidential campaign.
In a national chain, the President presented the details of the proposal that he presented to the representatives of Chile Vamos at the meeting that was held at 19 hours in La Moneda.
He indicated that the priorities of his government "are the priorities of all Chileans … so that the best times reach all households" .
In this line, he spoke of the current pension system, by explaining three reasons why they are so low in Chile : First, because the retirement savings of only 10% of our wages is insufficient ; secondly, because of unemployment and lack of development, there are significant differences in pensions and wages are very low; And third, because of the increase in life expectancy, the retirement period is each time longer than it should be financed by our pension savings.
Today, there are about 2., 8 million pensioners in Chile this new pension system is based on two main pillars: Pilar Contributivo and Pilar Solidario which is reinforced by this new project. , to provide public resources to increase pensions for the most vulnerable groups.
For this, the government proposes that the Pilar Solidario be increased gradually until reaching 40% so that it pbades from a current rate of 0.8% to 1.12% of GDP. This increase will mean that the state will provide resources of one billion US dollars .
The four fundamental axes of the pension reform are as follows: "increase the basic solidarity pensions, create a special bonus for women and the middle clbad, increase the rate of contribution of the Employer and introduce a series of amendments to put in place a more transparent, competitive and strict system. "
With respect to these four pillars, the President He indicated that would increase the mandatory contribution of 4 , 2% and that the State Bank could be the one administering the additional contribution. In addition, incentives will be provided for to postpone the age of retirement .
He also points out that new actors could be added to the current system to administer the additional 4% : indemnities, insurers and general fund administrators, in addition to the AFPs who will participate in the activity .
Finally, stated that this reform "is just, urgent and necessary, and requires more effort, progressive and growing". emphasizing that employers and the state should strive to bring additional resources to the world of foresight.
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